According to Forbes Magazine, cities throughout Florida and especially in Southwest Florida, are showing steady increase in home prices. After experiencing rapid increase in real estate prices through the first half of the 2000 decade, home prices in most parts of the US fell dramatically. Florida made headlines as one of the areas experiencing the greatest increase then … Keep reading... about Southwest Florida Cities Real Estate Prices Recovering
Real Estate News & Information
North Port Florida Real Estate Sales Statistics
SINGLE FAMILY HOMES North Port, Florida Single Family Home Sales, last 30 days: 106, Average sale price $100,791, 96.3% of list price. 36% of all Single Family Home sales in the past 30 days were standard, Private Sales owner to buyer sales (39). Average sale price, $122,174, 94.2% of list price. 31.1% of sales were Foreclosures (33), Average sale price, $86,348, 100.7% of … Keep reading... about North Port Florida Real Estate Sales Statistics
Real Estate Sales Statistics Report Search
Your Suncoasteam has set up a valuable tool on our website that will allow you to access and create reports of sold properties in Southwest Florida. With this tool you will be able to watch the market and determine the general value of similar properties. Go to https://suncoasteam.com/sold-report/quickstats/sales-reports-single-family-homes Sales Statistics for Southwest … Keep reading... about Real Estate Sales Statistics Report Search
Beta Test
Your Suncoasteam is always trying to provide the best possible service and the easiest and most user friendly website in the industry. We value your input and suggestions. We are now testing a new module for the site to allow visitors to conduct their own searches of sold are properties so you can watch price trends and gauge the market. You can conduct searches for used … Keep reading... about Beta Test
Suncoasteam Realty Expanding Property Management Services
Suncoasteam Realty, Property Management Division offers services to owners and renters in Port Charlotte, North Port and Punta Gorda. Through 2011, our team will expand services and also extend our reach in Englewood, Venice and Rotonda and increase our presence in North Port. If you own an investment property and wish to rent on an annual or seasonal basis, please consider … Keep reading... about Suncoasteam Realty Expanding Property Management Services
Foreclosures in North Port, Port Charlotte and Punta Gorda
According to an article in the New York Times on Friday, 11/19/2010 by DAVID STREITFELD, the number of homeowners behind on their mortgage payments has lessened. It is the lowest rate of delinquency since 2009. According to the article, the reasons are the improving economy and banks willing to offer some borrowers mortgage modifications. Seriously delinquent mortgages fell … Keep reading... about Foreclosures in North Port, Port Charlotte and Punta Gorda
Adverse Possession
A mortgage broker in Ft. Lauderdale is using an old Florida stature from 1869 to save abandoned homes and may face consequences. Using the a statute called adverse possession, common in all 50 states, the broker is finding homes that have been designated by the county as a “public nuisance”. He then cleans up the home, pays the taxes and rents the properties for low cost to … Keep reading... about Adverse Possession
Mortgage Default
In a recent report it was stated that 31% of defaults could be strategic. That means the property owners can probably pay their mortgage but choose foreclosure rather than continue to pay a mortgage that is higher than the market value of the property. The home is not their abode, but simply an investment. People are abandoning properties even though they can still afford to … Keep reading... about Mortgage Default
Foreclosures in Port Charlotte, Punta Gorda, North Port, Englewood, Rotonda FL
The newspapers are still filled with articles and editorials about the so called mortgage mess. The federal reserve is looking into banking practices and there is certainly a need for legislation that encourages lenders to modify loans. Many owners would benefit from a simple adjustment in the interest rate the banks charge. With rates at an all time low, owners who are … Keep reading... about Foreclosures in Port Charlotte, Punta Gorda, North Port, Englewood, Rotonda FL
Obama signs Homebuyer tax credit bill extension
President Obama signed an extension of the $8,000 tax credit for first-time buyers. The extension adds money for some move-up buyers. The maximum tax credit remains $8,000. Anyone who has not owned a home within three years is considered a first-time buyer. Your purchase must be under contract by April 30, 2010. Your purchase must close no later than June 30, 2010. After Dec. … Keep reading... about Obama signs Homebuyer tax credit bill extension